Buckner will remain on the board for at least the next three years and was appointed along with Melanie Walker.

"Quinn Buckner is a business leader, philanthropist, Olympian and Hoosier basketball legend," Pence says. "He epitomizes the Hoosier spirit and tradition that are synonymous with Indiana University and will do a tremendous job for IU."

Buckner played in Bloomington from 1972-1976, winning four Big Ten titles in his four seasons. The guard was also captained the undefeated 1976 national champions and was the captain of the gold-medal winning 1976 U.S. Olympic basketball team.

Buckner was also named Vice President of Communications for Pacers Sports & Entertainment in 2004 and is also serving as the color analyst for all Indiana Pacers television broadcasts.